investor17
Registered User
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- 2
Hello
Is is currently possible for a person who doesn't own a home to get an investment mortgage.
The LTV of the mortgage would be about 60% and the loan amount would be about 3.3 times my gross salary. I am currently consistently saving about 1.5 times the potential repayment of the loan per month at current interest rates. I don't have any other loans or debts.
The idea would be to either rent out or sell the property once it is developed.
I have heard anecdotally that banks aren't giving out buy to let/investment mortgages unless you own your own home but I'm not sure if it's true.
Thanks!
Is is currently possible for a person who doesn't own a home to get an investment mortgage.
The LTV of the mortgage would be about 60% and the loan amount would be about 3.3 times my gross salary. I am currently consistently saving about 1.5 times the potential repayment of the loan per month at current interest rates. I don't have any other loans or debts.
The idea would be to either rent out or sell the property once it is developed.
I have heard anecdotally that banks aren't giving out buy to let/investment mortgages unless you own your own home but I'm not sure if it's true.
Thanks!